COMPOSIÇÃO DE CARTEIRA DE PROJETOS DE P&amp;D COM RECURSOS PÚBLICOS: DIFICULDADES E SOLUÇÕES

Gonçalves, Leandro Rodrigues; Mello, Adriana Marotti de; Junior, Alvair Silveira Torres

doi:10.11606/rai.v12i2.100340

Cited by 2 publications

(2 citation statements)

References 14 publications

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“…The conflict between investment decisions and technological uncertainty in the face of market demand requires companies to take a proactive stance when planning their investments, which provides opportunities for increased profits (Miller, 2010). Gonçalves et al (2015) emphasised the importance of robust tools for the treatment of innovative activities with a high level of uncertainty. Oliveira et al (2012) reinforced the importance of modelling uncertainties using econometric techniques; however, they emphasised the limitations and affirmed that not all models that can be estimated using these techniques are linear, as in the case of innovation projects for whichdue to being something newfuture behaviour is not estimated from past data.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Valuation of an innovation strategy in the diversification of products in the agricultural auto parts sector

Conceição

Sanches

Santos

2019

AFR

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Purpose The purpose of this paper is to value an innovation project derived from a product diversification strategy in the agricultural auto parts sector, considering uncertainties and flexibility as sources of value for the project. Design/methodology/approach A case study project is presented and valued using real options, with the possibility of including new information modelled by Bayes’ theorem, which enables the fitting of the probabilities of the project for the purpose of valuation through the decision tree method. Findings The results indicate the effect of new information and provide implications for value creation, demonstrating the need for a more profound and systematic approach to the use of investment strategies considering factors endogenous and exogenous to a firm that can and should be considered in the decision-making process. Practical implications This study contributes to an understanding of the relationship of strategy and innovation through product diversification with value creation and serves as a guide for controlling the possibility of investments in diversified companies and agribusiness using the methodology discussed in this paper. Originality/value Valuing the inclusion of new information through Bayesian inference in the analysis of investments is a methodological feature that has received minimal attention in the literature. Therefore, the use of Bayesian theory for the real options model applied to agribusiness is the main innovation of this study to demonstrate new ways of modelling uncertainty in addition to stochastic processes.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Valuation of an innovation strategy in the diversification of products in the agricultural auto parts sector

Conceição

Sanches

Santos

2019

AFR

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“…When the selection occurs through public calls, there is a high cost involved and human resource overload, from the public notice to the proposal's selection. Thus, companies' need for speed can also make this model unfeasible (Gonçalves, Mello & Torres, 2015).…”

Section: Perceptions Of the Players Of The Innovation Ecosystem Of The State Of Santa Catarina On The Problems Of Real Guarantees For Innmentioning

confidence: 99%

Guarantees used in refundable financing of innovation in micro, small and medium-sized enterprises

Schmidt¹,

Hoffmann

2019

INMR

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Purpose Despite the increasing availability of financing programs for innovation, micro, small and medium-sized enterprises (MSMEs) often find it difficult to access credit for their projects. Among the reasons, the lack of the types of guarantees required by financial institutions stands out. Focused on this problem, in 2013, the Regional Bank for the Development of the Extreme South (BRDE) created a policy to stimulate innovation, making the required guarantees for financing operations of innovative companies more flexible: the BRDE Inova Program. This paper aims to analyze the guarantees used in the bank operations since the beginning of the program. Design/methodology/approach In the first stage of the research, the authors identified the guarantees used in each of the signed contracts, through a documentary survey. Next, semi-structured interviews showed the perceptions of the players involved in the innovation ecosystem of the state of Santa Catarina, regarding aspects related to the guarantees. Specifically, the authors investigated the following elements: strengths and limitations of the programs regarding access to credit for innovation; adequacy of existing guarantee mechanisms. To strengthen the conclusions, they used triangulated data collection in different stages. Findings The results showed that, on the one hand, the initiative helped BRDE to consolidate itself as the main financing agent of innovation in MSMEs; on the other hand, the need for traditional guarantees still plays a significant role for innovative MSMEs to access credit. Originality/value In addition to practical implications for the bank and other financing agents’ policies, this paper contributes to fill a gap in the literature on guarantee systems applied to the specificities of knowledge-intensive MSMEs.

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COMPOSIÇÃO DE CARTEIRA DE PROJETOS DE P&D COM RECURSOS PÚBLICOS: DIFICULDADES E SOLUÇÕES

Cited by 2 publications

References 14 publications

Valuation of an innovation strategy in the diversification of products in the agricultural auto parts sector

Valuation of an innovation strategy in the diversification of products in the agricultural auto parts sector

Guarantees used in refundable financing of innovation in micro, small and medium-sized enterprises

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